Oracle's Ellison In New Settlement Over Attorney Fees

Law360, New York (November 22, 2005, 12:00 AM EST) -- Embattled Oracle Corp. chief executive officer Larry Ellison has reached a final settlement over accusations of insider trading, agreeing to donate $100 million to charity and paying $22 million to attorneys who sued him.

The settlement was approved by San Mateo Superior Court judge John Schwartz, who earlier rejected the software maker’s settlement that freed Ellison from paying attorney fees. The attorneys sued Ellison for trying to enrich his counsel.

Barring an appeal, the settlement will close the books on the civil lawsuit that was filed...
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